USDCNY_TOD trade ideas
CNY/USD the magician's hand, the other oneSee chart. So Trump is going to tell China to stop manipulating their currency, right? When was the last time we were at these levels, hovering, oh yeh, 2008. Trying to establish a base, but it it breaches, look out below. Dollar soars, and too much strength is really not good, oil tanks, etc. etc. This is just one thing to watch, of a very many things that can go wrong now and soon. And it also could go well. And you have idiots NK playing power plays, for what purpose?
"The Big Short" - from the Movie 2016 Oscar Union reward Short Renminbi for last leg ( the last meal) Stupid is paying the price again and again.
Among those central banks, PBOC is the worst one. They're too old to realize the turning of the culture influence and the huge inflation will be there in the future. This is called NO "wen hua".
I have never shorted Renminbi before but NOT this time.
This is a clearly signal, BTW.
USDCNY Long Entry Opportunity at PullbackIn my opinion this is a very good opportunity for a long entry once we exceed the high of February 8. I also showed some major support levels below for future reference. Don't listen to Kyle.
USDCNY - YUAN 2618 + INCOMING BATThere really is no decent entry in terms of Risk but we do believe we might have the correct projection here. A nice 2618 opportunity that looks like it could end with the opportunity to counter back bullish with a Bat Pattern.
USDCNY retracement as a year startIDEA - USDCNY looks it lacks strength to go higher so a significant correction might be starting
"A Brave New World" an ideal from Civilization V More trading less showing in 2017. 1Hr/4Hr trading are using EMA system from FXCM desktop and learning swing trading "Fractal Quad Components" pine program original source from Pythagoras.
USDCNY: The trend that keeps on givingI'd like to bring your attention to the $USDCNY monthly chart here. If we examine previous levels of support and resistance, and analyze price action using Tim West's methods, we could conclude that the uptrend in this pair, and logically, the one in Bitcoin, has still ample upside in its future.
It would be logical to observe 19% more upside in $USDCNY, and 760% more in $BTCCNY, if we maintain the current uptrend speed, which is yet to be seen. For now, we can look to fade short term and intermediate term selloffs in these instruments, with considerable comfort, and a rather high win rate.
My preference is to hold bitcoin positions, but we can speculate on both instruments, and also in smaller timeframes.
Good luck,
Ivan Labrie.
cnyusd this make no senseHistoric lows for cnyusd. Easy to see previous effects on S&P when this pair dips, us markets dip. Started to this time, but whoops, something happened, the upset special, the unexpected, TRUMP, Oil ministers actually talking to each other, stealing all the headlines and the world attention away from, you guessed that HUGE CHINA MANUFACTURING ENGINE that could and did, and now is switching the a service economy, and using currency manipulation to fool its markets into thinking their GDP is just fine. It aint fine, its terrible. Trump knows this, he has pointed it out time after time, but no one cares. When China opens its doors to allowing another batch of its money to flee in january, this little pair will dip way below the black line, and Trump will enjoy the festivities for a moment, and then his first thing to do in office is deal with china currency issues affecting our economy and markets big time.
CNYUSD false hopeWe are headed for a battle with china currency in January, when their citizens can sell their Yuans again, and buy dollars. Yuan continuing to devalue, and then, our markets head up, why? The inevitable search for yield, the ultimate rotation, sell to buy something else that for now is heading up. Dollar gains, not good ultimately, Euro looking at heading down also. Oil heading North. Stronger dollar will ultimately be a dissaster. Trump has said it over and over again, currency with China war is on, everything else is just noise, and background music for day traders. The dark currency war cloud is forming for January. Let's see January 20 would be one of those days? But China may trump Trump's inauguration date with their cash outflows before that. Dealing with that may have to be one of his first to do's in office. And we are seeing strength levels on indicators for the CNYUSD NEVER BEFORE SEEN, they need to make more room on the indicator boxes for where this may be heading.
USDCNY 100% Will Drop Dec.2016Yes, take my words.
Sell when price breaks the purple line, or else price will test upper grey line.
Recommend to short when price fail to stand above 6.90.
Fundamental:
1.USD---Bear will join to bring down the dollar as Trump's action scare out of investors.
1.1. When market is 99% sure of increasing interest rate, take the 1% side, because you will always win as the market manipulation is real.
2.CNY-Demand of CNY will increase as investors are now able to trade with HK(Hong Kong) Market.
Technically :AB=CD Finish.
Conclusion: No doubt CNY will find some buyer on this level and say good buy with the strong $ for a while.
USDCNY short setup for corrective moveSETUP - Best entry would be at B at the retest of the break of the dashed line. But for that you need to wait. It looks action is going down to A, I'll update as It goes along.
USDCNY retracement to 4 comming soonTarget was hit last week. Now expecting a retracement to 4, hit of the trendline then move up.
USDCNY almost at target, too late to enterUSDCNY almost at target, too late to enter, better to wait for a retracement.
USDCNY impulse continuationUSDCNY correction didn't go as low as expected and it looks like the impulse 5 is resuming.
